The London Metal Exchange’s (LME) three-month copper rose by 0.6% to $9,493 per metric ton. Simultaneously, the U.S. dollar index fell by 0.75% to 100.33, making commodities more appealing to holders of other currencies.
However, the gains are somewhat restrained by ongoing uncertainty regarding the future of trade negotiations. This comes after recent U.S. warnings against nations that fail to negotiate in good faith. The impact of these negotiations on the global copper market remains to be seen.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
